Which of the following is not a function of the Federal Reserve System?
A)holding deposits of member banks
B)clearing checks
C)making loans to member banks
D)serving as a bank to the Federal government
E)making loans to the public

Question

Quizplus · Accepted Answer

The Federal Reserve System does not make loans to the public. Its main functions include holding deposits of member banks, clearing checks, making loans to member banks, serving as a bank to the Federal government, and conducting monetary policy to promote economic growth and stability.

Which of the Following Is Not a Function of the Federal